The investment seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Current 2-Year US Treasury Index.
The fund normally creates long positions by investing at least 80% of net assets in U.S. government securities and/or: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; reverse repurchase agreements; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the 2-Year Treasury index. It also holds money market instruments. The fund is non-diversified.
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